Bitcoin Forum

[edit]UPDATE: Explanation from CEO Richard Ells

Here is all the answers to your questions.  Straight from the horses mouth

https://youtu.be/Kc7Tu0SWPdc





Thoughts?

What effect will this have on the community?

If it will stop mobile mining what kind of mining will remain to keep the chain going?

"Mobile mining" was always a simulated mining rewards program

The mining was primarily ASICs in the beginning, and then moved to the new Proof of Responsibility system, which relies on specific  NGOs to keep the chain going


https://steemit.com/bitcoin/@msystem/electroneum-s-moderated-blockchain-is-powered-by-their-unique-proof-of-responsibility

How will people in the developing world get ETN to top up their phones with if the app mining stops?

if they really will stop Mobile Mining it will certainly affect the community and of course the price in exchange,
but if they have the right solution such as changing their algorithm to POS and Staking can be done then there is still hope for the community, this is my opinion  :)

Almost nothing I guess. The mobile mining of ETN got attention during the earliest days of it when it was introduced but it dramatically decreased overtime.

It's only like a virtual mining and making you look like actually mining but in reality, you don't.

I think this step will be devastating for electroneum and etn because it was sold during ico as a unique project that offers mobile mining and now if they stop mobile mining they are stopping the thing that makes etn unique so in the end i think etn will take a lot of restructuring and time to build back their paltform.

That's quite unfortunate because this was one of the pillars behind this project and now they are abandoning it. I wonder what they intend to bring up this time around. Moreover, I was never optimistic about mining with phones so I am not too surprised that this is coming to halt.

WTH is that? what do you mean about that? if this mobile reward will have stopped and it looks like these people must move to the Pi coin as the only mobile mining (BS) that is still alive.

I guess those reward hunters are not helping to develop the project.

If so, then the project is already dead since day one.


I thought the full vision behind electroneum is about proceeding mining using mobiles. Now if the team decides to really stop this, what should be other plans of the project? The token price would drop drastically because of this.
Was this planned to happen? What should be the next step? By stopping mining, users wouldn't find any benefit having electroneum installed in their devices.

If there are many user's use that mining method yes it will affect the community but if you only earn a little amount for mining this is not a big deal if they remove it .



If the project have many community buy and selling and use it for the service they have will be enough to get the demand they needed.

to the Electroneum community yes it will have an impact at first because people that rely on this mobile mining will lost thier jobs  .

  i have seen a person that adddicted to it and he did even refer me and many more for his mining business    . i feel sorry for him if the stopping continues but other features are still operating  . this doesnt have a major impact on the overall crypto market or on this community  because there are still alot of supporters for btc more than those altcoins

it is unfortunate if mobile mining is stopped by Electroneum, even though the mining is preferred by people who are looking for a little ETN to refill their pensel, I also often use ETN to refill my cellphone, meaning to be able to use the features of the application must buy ETN at market if mining is stopped

Many of you ask what will ETN do when mobile mining stops?


Here is your answer:

https://bitcointalk.org/index.php?topic=2353282.msg54411804#msg54411804

Impacts only on the electroneum community I think, and will be better, without "free" coins you can expect some valorization for the coin, add the mining, MN costs, or whatever they will put on the new mining.

Would anyone mining Electroneum on mobile phone? I doubt, it has been a long time when I last saw a message on this. I think there is no much interest on mining Electroneum from mobile phone among the community. People used to waste their phone by mining this though.

like seriously.. do miners really mine crypto on mobile?? ... I tried this quiet a few times... and it's not something I can advice others to engage on .. it's a total waste of time and consider the kind of damage it can cause on your device..even vitallik once said mobile mining is a complete waste of time

On electroneum is different, they call it mining but what is happens there is they share the rewards across the users in the network, people don't even need to let the app running, it's called mining, but it's not. And the rewards are cents / week.

Was it profitable to those who engage on it, even though the mobile mining was simulated mining I still feel the reward those not worth the stress you subject your device to,
It wasn't a big part of the project so I don't think it will be a big of a deal if they decided to stop it, they should focus on more practical work that can benefit the project, the expectation of electroneum has since died from supporters, it would have be a great project.

Yeah, it is a simulation from the start to make those people who are not capable of buying mining hardware or not capable of doing complicated things experience how does mining work. If they will stop it I guess they are losing one of their good feature which is not available on other blockchains, I don't know if it is a good decision because it is like their trademark they are known for that "mobile mining".

They changed it to cloud mining with reward of around 10 ETN per day. But I think the mobile mining was better than this because people with high-end devices mined way more than this before they changed to cloud mining and I think they are the only one still offering this type of mining.

If they want to stop mobile mining, that is good whatever the management decide that will help the price growth of ETN and push the project stronger in adoption I support.

They are focusing on anytask.com and have a few big announcements coming at the Anon Summit on May 19

I'd be happy if electroneum stop mobile mining because somehow I feel it's not worth it, since it's not a real mobile mining but a cloud based reward it's like wasting coins away, I expected more growth from this project on the long run.

The cloud mining doesn't make sense, will be good if they stop this and instead focus on new features, I so belief in this new project because the team are capable and hardworking, very rare to see such team in crypto space today

It's for just 7 days! It will be interesting to see what will they announce. Anytask.com is an interesting project, I saw couple good reviews from first users. Definitely a good place for people with skills who have something to offer.
ETN is around for a while, and they are building a nice community. I think they can achieve some higher prices, and I got a bunch of ENT's sitting and waiting for that to happen! :)

If that happened, it would be a great pity. I also use this mobile app, there are no big rewards, but small rewards are also rewards.
I liked the whole project and I remember it from the very beginning. So I will see how the overall situation develops.

How true is this? It's a shame that this will end soon, I always use 1300 etn to buy data for browsing, the cloud mining is very helpful, I don't see how removing the mobile miner will help electroneum grow, we will see what happens next

That's a good team and I'm really sorry to hear this news. I didn't even have time to try the mobile mining but realized that it's an extremely interesting tool. Pls share your experience.

Actually, I think this is a good decision from the Electroneum team! Mobile mining wasn’t profitable ever, once I tried Electroneum mobile mining and the rewards were really penny! Though Electroneum created a good hype about mobile mining but I stopped it when Playstore removed Electroneum mining app! If Electroneum removed this feature then I think they should list on a better exchange to make a balance in the community! 

There are many people who use Mobile Mining to produce electroneum. If the information is true, then the consequences for this cryptocurrency will be major. Most people who own such a currency have obtained it through Mobile Mining. I think the project team is aware of this and I hope it does not stop Mining Mobile.

How legit is this info, why not attach a link so that we can read the original article from the source? Also, When do they plan stopping the mobile mining? I doubt if it's true unless they have a better plan, the mobile mining was part of their project features. If this happens, I don't think it will have any significant effect on ETN price anyways.

The purpose of electroneum coin is to be able to mined by mobile phone isn't it ?
Then how will people mine the coin if it stop mobile mining ? It will become a common coin, same as other altcoins.
ETN coin should have something to recover their price, the ROI is red if you see on coinmarketcap data.

Straight from Richard himself. It's part of Phase 2.

https://youtu.be/Kc7Tu0SWPdc


Learn the rest during his keynote speech at the Anon Summit May 19

https://hopin.to/events/anon-summit-2020?specinf=20868&utm_campaign=Electroneum%20Community%20Update%20-%20May%207th&utm_source=emailCampaign&utm_content=&utm_medium=email

Of course it's good. Mobile mining prevented the project from growing. Everyone was waiting for a big plus. But this did not follow, just because of this mobile mining. Which is not good. And you have to give coins.

Probably will have a big effect. Its like destroying their purpose, or changing their plan maybe because it does not attract many investors and they have a new idea that will launch soon. For me, mobile mining is not that really appropriate since phones are not designed to be used on this. Phones capability are limited to consumption for mining and will only cause damage and laggy effect on users. Who does wanted to use their phone only for mining? Im not saying their idea is bad but just the concept not really good as blockchain project concerns.

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Don't take this news as a bad news I'm sure something big is coming that's why etn team decide to abandon the mobile cloud mining for now, electroneum team are very hard-working and ambitious too, we won't be disappointed

After that ETN there were already lots of projects that had jumped into this idea but didnt actually buy out.Yeah at first i was fooled that this mobile mining thing is possible
but it isnt actually mining at all.Only ASIC's and GPU are the only ones which are capable on doing such things.
ETN will stop mobile mining rewards soon? Bad news for those who patronize this coin but i dont see that it will give out soo much impact.

If stopping mobile mining and going by the original plan will be what will make the project to wake up to its former glory, then it's fine.
After this, we want to see more progress, because, to me, ETN is not like it used to be. Although, it is better than so many projects that launched nearly the same time that ETN car on board, but are now already dead. At least you guys still keep the project alive.
Please, I would urge Richard himself not to relent. We want to see it come back full force.

I am not surprise about this new development, this is a failed model from the start, I know some people feel like it is a novel idea but mobile phones are not designed for this purpose of mining and also with the inflation increasing per day and the price going south, they need readjustment to the mining to help save the price and the future of the project

What's their reason for wanting to stop their mobile mining feature which has proven to be highly successful? Most people got drawn to electroneum majorly because of the mobile mining and the fact that they could run a cloud mining program on electroneum and get some profits. It even became highly usable after the introduction of the mobile unit and data top up using electroneum, bringing in a large number of users in the process. It makes no sense that they will want to stop it now.

And now tell me why this coin should stay alive? I thought that they built multimillion-dollar business on mobile phone mining, mining for everyone, its easy, everyone could start, then they allowed PC mining and that was the end. So I do not really see any reason why you should use / hold this coin.  ::)

Here is all the answers to your questions.  Straight from the horses mouth

https://youtu.be/Kc7Tu0SWPdc

This is so interesting and will bring ETN to a new level on their game Ellis is talking something about never before implemented algo we'll see how this new algo will make an impact on ETN development and price, ETN price has been struggling ever since they really need something to kick up their project.

well etn is few of the coin out there  that is underated but does have a potential  . they have good number of users or supporters and that makes this coin alive  .  and what is that multimilion dollar business mining that your saying  ?  sounds exagerated but no they arent that huge enough to have like multimillion dollar  . earning on thier app is cheap or low profit afterall but i guess it can be a bit higher depending on your referal    . havent heard of thier pc mining tho  but i dont think that was the reason of thier closure

https://youtu.be/Kc7Tu0SWPdc

https://bitcointalk.org/index.php?topic=5248969.msg54444136#msg54444136


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